1 raises the minimum required auto insurance coverage... California Wildfires California’s insurance woes have triggered a cash-only crisis at this upscale community California Wildfires They lost their homes in L.A. County fires. Now they face a grueling decision California Wildfires California insu...
California’s home insurance crisis: What went wrong, how it can be fixed and what owners can do March 29, 2024 The regulations that take effect Jan. 2 aroseout of a broad agreementLara reached with the industry that gave insurers regulatory concessions, including the use of ...
Here's what to know about California's residential insurance crisis and how the ongoing wildfires may further disrupt the policy market: Why does California have a home insurance crisis? California has seen other major insurers pull back on property coverage in the ...
"What is happening right now, the state has embarked on a process through the Department of Insurance to address this crisis. But, the implementation of what comes out of that isn't really set to take effect until 2026, which is far too off in the future," he said. "...
Until the crisis, California’saverage homeowner premium was slightly lowerthan the national average. There’s no question that if Lara makes major changes to insurance regulation, homeowners’ premiums will increase. In fact, last month, heapproved a 20% premium increase for State Farm,...
Analysis: California now facing a home-heating crisis, in addition to the electricity crisisBOB EDWARDS
Homeowners insurance costs are going through the roof. Here's what you can do about it Insurance crisis in Florida, across the nation, gets national spotlight Double-digit increases Across the U.S., most insurers lifted their rates for homeowners' coverage by double digits last year, according...
Solutions to the mounting insurance crisis also involvehow and where people build. Building codes can require more resilient homes, akin to how fire safety standards increased the effectiveness of insurance many decades ago. By one estimate, investing $3.5 billion in making the two-thirds of U.S...
In Boise, where home insurance has surged by 18% this year, 60% of homes are at risk of wildfire damage over the next 30 years.[3]Coeur d’Alene has attracted Californians, who are coming from a state with aninsurance crisis. These transplants might’ve been expecting lower home insuranc...
Florida, Louisiana, and Oklahoma are among the states with the highest home insurance rates in 2024, influenced by climate catastrophes and rising repair costs.